STRATEGIC PERFORMANCE MANAGEMENT

STRATEGIC PERFORMANCE MANAGEMENT

Performance management requires that managers have the right information and data at the right time to make the decisions. It is through the performance management loop that managers get to know if strategic goals and objectives are being met. Herein lies a number of critical success factors: objectives must be measurable; measures must be apt; targets must be realistic; responsibilities and accountabilities must be clear; data must be availed and its integrity must never be in doubt. Performance analysis must be robust and compared to target. Why do organizations report such high scores yet their clients complain about their performance so much? Why is performance appraisal confused with performance management by so many employees? Why are so managers measuring things that do not matter and producing reports with things that do not matter? Why is performance sometimes punished and mediocrity rewarded in organizations? How do we address these challenges?